PYX Resources: Achieving volume and diversification milestones. Watch the video here.
Massive deal on AIM? You do realise URAH is main market, right?
Looks like these lot have finally learnt to capitalise on interest when raising capital. Much better and let's hope we get good news in the next few months and we see the share price rally to 4p/5p.
More like the pitfalls of being an idiot.
Yes it does seem so. If the offtake with the MNC is signed and Monaf sell 6,700 tonnes to them as a minimum per month then that's $804,000 monthly revenue if the price per tonne is still $120 (it might be lower now). Even £50m mcap would give us a share price of 10.57p. They just need to consistently sell coal.
I don't know if I'm mad or stupid or brave but I've bought some shares today as I think the drop is over done. Only £500 worth so let's see how it goes. GLA
Yes I am absolutely PO'd ith these directors. We had our CEO Bernard Olivier sitting in a Total Market Solutions interviewin September waffling about how they wanted to raise money in a disciplined manner and at market prices. These lot are not new to the markets. They saw the share price go from 2p to 3p in a fairly short amount of time - not based on anything they had done, but based on interest from the Andrew Austin investment. They had plenty of time and opportunity to raise when the price was at 3p. And guess what? For some very bizarre, and quite stupid, reason they didn't. Raising money at a higher share price is better than raising money at a lower price because it means less dilution, fairly simple. They should have capitalised on the interest at 3p.
And no I didn't buy at the 1.25p levels. I bought at a higher level because I as a shareholder sat there and believed what Bernard was saying. I judge a man based on what he does and what he says. It's called accountability. Will they get into production? Who knows. If they can't even raise money in the right way to prevent unnecessary dilution, which is the major reason a company like this is publicly listed i.e. to gain access to investor capital (otherwise the company would be private), then my confidence in these lot getting into production is quite low.
Let's see if they can pull it off.
No? You don't want to reply David? I wonder why 🤔
Over 8 months since the washplant was finally installed and these lot have only sold 1,000 tonnes. Good grief, this is ridiculous.
Is good old Bernard going to do another interview and lie to us again David? Asking for all genuine shareholders and not the pump and dump merchants you're friends with e.g. InvestingGenius.
So basically you've now bought in and have started pumping?
We as "investors" know full well what we have here. Remember, we're not traders or pump and dump merchants.
Pump and dump from the usual P&D crew on X. Shameful disgusting behaviour.
The morons are hiring more sh**ty brokers. Honestly, can this board of directors be any more fuc*ing stupid?
Correct, it's so obvious to see who the placees are as they're the only ones pumping on Twitter and Telegram. And all for 20% 🤦♂️
Trial mining will probably start end of March. So factor in about 3 months to see what the results of the trial mining and full production will likely start in June/July, maybe August if there are any issues they need to sort out.
Yes, I'm invested. Average is just over 2.4p so a little bit annoyed with how they went about doing the raise, especially after Mr Bernard did that TMS interview. But it's done now, so hopefully they get into production now and we get to £15-20m mcap.
Nothing wrong with being bullish, this is the junior market after. Its all about selling the "story", hence why we have all these PR companies around. Hopefully the PR increases and we get some more pretty pictures and videos as we approach production.
Duster - post placing, 6p gives a valuation of £15m not £12m. But yes could 4 bag or they run into problems and we end up with share price destruction like we've seen at other companies e.g. CMET and HZM to name just two. Let's hope nothing major goes wrong.
Depends if this idiotic board actually deliver what they say they are going to.
Sorry, that was meant to say "no, it isn't"
Great buying opportunity? Hmmm.... no it is lol
Why the hell would anyone buy a coal mine which can't sell any coal? I understand if they were selling 100k, 200k tonnes of coal per month consistently, but they can't even sell 20k. These idiots have been waffling about sales for years and what they've done is string us all along, dangling that carrot of sales in front of us. I bet they release an announcement saying "we are pleased to announce we have to decided to abandon the offtake with TransOre as we have signed a offtake with this MNC".
If they do deliberately set it up for failure, then, like I said previously, I will retaliate.
Full clear out of this entire useless fu***** board is now needed. Not just dodgy liar Esprey but Oliver Stansfield and Roy Pitchford.
Don't you agree David?